This collection of betting terms serves as a useful guide for you to consult whenever you encounter unfamiliar terms or expressions in the realm of betting. It aims to clarify any language or terminology that might seem confusing or unclear to you.
Bet
Laying money on the successful prediction of the outcome of an event
Odds
Are a numerical expression that represents the likelihood of a particular outcome occurring in a sporting event or other betting scenario. Odds are used by bookmakers to calculate the potential payout for a winning bet, and they provide valuable information to bettors to help them make informed decisions.
Place bet
A place bet involves backing a selection to finish in a particular place, or within a range of places, in an event.
Single Bet
Single bet" refers to a straightforward type of wager placed on a single selection or outcome. For instance, in sports betting, placing a single bet means you're wagering on the outcome of just one match or event.
Accumulator/Acca
Are a type of bet that allows the bettor to leverage their stake across multiple selections. A bettor can select outcomes for multiple bets, called legs, and combine them into a single multiples bet
Bet Builder
Bet Builder that allows bettors to create customized bets by combining multiple selections within a single event.
Canceled Leg
If one of the legs of your multiples bet gets pushed due to a draw, canceled, or otherwise voided, then it will be removed from your multiples bet and the potential payout will be recalculated using the remaining legs. The payout is calculated as usual - the odds of the remaining legs are multiplied together.
Bettors
Is an individual who engages in betting activities, typically by placing wagers or bets
Voucher
It refers to a form credit that can be used to place bets with a bookmaker or betting operator. Vouchers are often issued by bookmakers as a promotional/rewarding tool.
Pre Match
Pre-match bet is a type of wager placed on the outcome of a event before the event begins. In other words, it's a bet placed on an outcome that hasn't yet occurred, typically before the game, match, or event starts.
Live Match
Live match bet" is a type of wager placed on the outcome of a sports event while the event is in progress. Unlike pre-match bets, which are placed before the start of the event, live match bets allow bettors to place bets as the game or match unfolds in real-time.
Cashout
Cashout is a feature offered that allows bettors to settle their bets before the event they've bet on has concluded. Essentially, it's a way for bettors to secure a profit or minimize potential losses before the outcome of their bet is determined.
Settlement
Refers to the process of determining the outcome of wagers and distributing winnings accordingly. It occurs after the conclusion of the event or events that bets were placed on.
Void Bet
Refers to the cancellation of a wager by the bookmaker. This typically occurs due to specific circumstances that affect the outcome of the bet or the integrity of the event itself. When a bet is voided, it means that the wager is canceled, and any stakes placed on that bet are returned to the bettors
Bookmaker/Bookie
The person or company licensed to offer odds and accept bets from bettors.
Outright bet
Outright bet is a type of wager placed on the outcome of an entire competition or event, rather than on individual matches or games within the competition. It involves predicting the overall winner or outcome of the competition before it begins or during its early stages.
Asian handicap
Handicap betting is where one selection in an event is given a "handicap" to overcome in order to win. This is popular when strong favorites are playing, instead of placing a match bet at short odds, you can place a bet at longer odds with a 1 or 2 goal start, or -12 point for instance.
European Handicap
It differs from the Asian handicap in that it includes the possibility of a draw outcome, providing a wider range of betting options
Esports
Esports, short for electronic sports, refers to organized competitive video gaming, where players or teams compete against each other in various video games
Stake
Refers to the amount of money a bettor risks on a particular wager or bet
Overtime
Refers to an additional period of play that is added to the end of a match or game to break a tie when the score is level at the end of the regular playing time
BTTS
Both teams to score. A bet on both teams in a match to score at least one goal each
FGS
Abbreviation for First Goalscorer
FPTS
Abbreviation for First Player To Score
Full Time
Refers to the completion of the standard duration of play in a match or game, as defined by the rules of the sport. It signifies the end of regular playing time before any extra periods or overtime are considered.
Half Time
Refer to the midway point of a match or game, typically marking the end of the first half of play.
IBAS
Independent Betting Adjudication Service
Winnings/Profit
The amount earned from a successful bet (profit) on top of the returned stake
Return
Refers to the amount of money a bettor receives if their bet is successful
Each-way bet
Is a type of bet commonly used in horse racing and other sports, offering bettors the opportunity to win either if their selection wins or if it finishes in one of the specified places, typically second or third, depending on the number of participants in the event